New Chapter in Apple's Financial Saga and Robinhood's Crypto Ambitions Conquer the EU
TGIF!😉
Almost ready for the weekend, but first a new chapter in the Apple Pay-Goldman Saga.
AMEX seemed to be the front runner in replacing Goldman as Apple’s partner for financial services. But, American Express’s “premium” card designation doesn’t always match with potential issuing partners, CEO Steve Squeri said Tuesday at an investor event, responding to a question that alluded to reports that Amex may replace Goldman Sachs as Apple’s credit card partner.
“The premium card base is one of the biggest impediments,” as far as co-branded partnerships that Amex walks away from, Squeri said Tuesday during an appearance at the Goldman Sachs U.S. Financial Services Conference in New York. “Because sometimes the partner wants to reach into everybody, and that’s just not who we are,” he said.
It seems we can take AMEX from the shortlist of options for Apple.
Meanwhile, Robinhood has accelerated its international growth with a significant move into the European market.
The company announced that its cryptocurrency trading application is now accessible to all qualified users across the European Union. This strategic expansion follows closely on the heels of Robinhood's recent launch in the United Kingdom.
The expansion into Europe distinguishes Robinhood's offerings: the firm has introduced its cryptocurrency trading services to EU nations, while currently limiting its brokerage services to the U.K. market alone.
“The EU has developed one of the world’s most comprehensive policies for crypto asset regulation, which is why we chose the region to anchor Robinhood Crypto’s international expansion plans,” Johann Kerbrat, general manager of Robinhood Crypto, said in a statement.
The European Union has been proactive in establishing regulatory frameworks for cryptocurrencies, primarily aimed at enhancing traceability to combat money laundering and safeguarding consumers from the volatility inherent in these markets.
A key element of these regulatory efforts is the Markets in Crypto-Assets (MiCA) legislation. MiCA, particularly noted for its focus on stablecoin oversight, is regarded as one of the most comprehensive legal frameworks for cryptocurrency assets globally.
Enjoy your weekend! But before you do that, check out the curated selection of news I listed for you below👇
Cheers,
P.S. Stay informed, stay ahead. Join my Telegram channel for real-time updates, and remember, in the world of FinTech, knowledge isn't just power - it's profit.
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